On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The proposal would result in uniform regulations for digital currency across the EU.
The government of France has proposed that the European Securities and Market Authority, or ESMA, should regulate digital currency activity across the European Union.
If enacted, this would establish a single authority over the crypto sector across the trading bloc and would create uniform regulations across the union through ESMA, as suggested by the French securities regulator, Autorite des Marches Financiers, or AMF.
The AMF’s proposal states:
“Likewise, granting ESMA the power of direct supervision of public offers of crypto-assets in the EU (scrutiny of white papers) and of crypto-asset service providers would create obvious economies of scale for all national supervisors and concentrate expertise in an efficient way, for the common European benefit.”
Last year, proposals were made for an EU-wide regulatory framework for digital currencies. ESMA is a Paris-based financial regulatory agency that seeks to strengthen investor protection in the EU, improve the functioning of financial markets and foster cooperation between member states.
Related: EU securities regulator warns about risks of ‘non-regulated’ cryptocurrencies
If the AMF’s proposal is adopted, it would look to capitalize on the experience ESMA has in regulating digital currency and would provide legal certainty for digital currency businesses operating across the EU.
Regulating digital currencies has become a major point of discussion for governments across the world. On Monday, the United States Treasury Secretary convened the President’s Working Group on Financial Markets along with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation to discuss the regulation of stablecoins.
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